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China's ZTE dives 39% at resumption of trading in Hong Kong

Shares in Chinese telecoms equipment maker ZTE collapsed by 39 percent as trading in the company resumed after it reached a settlement with the United States over its handling of a sanctions violation.

The firm dived 39.22 percent to HK$15.56 in the first few minutes of trade, having suspended trading in April, when Washington banned US companies from selling goods to it for seven years.

Published : June 13, 2018

By : Agence France-Presse Hong Kong